Americans are confused. They're confused about estate planning and rightfully so, it's a diverse topic. Should you create a will, a trust or both? It depends because they serve different purposes, but both can be beneficial to form a complete estate plan. Will and...
Family disputes break out when wills exclude heirs
When a loved one passes away, it is typically an emotional time. What can make this event even more stressful? When there are disputes over the wills. The death of a family member is not the time to be greedy, but unfortunately, there are instances in which a will...Estate planning brings New Yorkers a sense of comfort
An estate plan in New York is important not just for the minor children you leave behind but also for adult children. While you are still able to, it is a good idea to get a team together of financial advisers and lawyers who can assist with this type of transaction....Casey Kasem’s long term care planning an example for all
It was a tragic end for one of America’s best-known voices, as radio star Casey Kasem’s family members fought over his continued care. Kesem’s end-of-life quandary can serve as a reminder for all New York residents to take their long term care...New York executors of billionaire’s estate vie for money
Leona Helmsley was once called, “the Queen of Mean” before she died in August 2007. The hotel magnate was well known for her outspoken opinions and she once even spent a year and a half in prison for tax evasion. Nevertheless, when Helmsley died she left...Shopping tips: Long term care insurance
When putting together a plan for their future, individuals need to look at a wide array of considerations. One is whether their long term care planning is sufficient to cover any needs that may arise. Long term care insurance can be a critical part of that, since...New York man’s $40M estate is still up for grabs
The fate of a New York millionaire’s estate is still up for debate. The 97-year-old man, who made his millions developing real estate on Staten Island, died in 2012. He left behind an estate worth approximately $40 million; however, he did not leave any wills or...Estate administration important for those with money but no kids
When we talk about estate planning, the first person who probably jumps to your mind as a potential heir is a child. What about those New York residents who have chosen to remain childless? Estate planning with a non-traditional family structure can be a challenge,...Estate planning in New York about more than money and assets
Having an estate plan is a good idea, but only if the desired results are achieved. An estate plan should have a positive and empowering effect on its heirs, and not a divisive effect. Too many times, the latter is the outcome. Having the assets distributed as the...Fascinating development in holocaust survivor’s will
A woman has come forward and filed a beneficiary claim against the estate of a holocaust survivor who died in 2012. The holocaust survivor died at the age of 97 and had an approximate wealth of $40 million. The man had immigrated to the United States and rose to...
